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Fly News Breaks for May 26, 2017
BBY
May 26, 2017 | 07:20 EDT
SunTrust analyst David Magee says that Best Buy is benefiting from limited full service competition and high interest in consumer electronic products. The analyst calls the company's market share gains "impressive" and says that the stock has been "re-rated" by the Street. He raised his estimates for the company and increased his price target on the stock to $70 from $53 while maintaining a Buy rating.
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